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Coronado Motors is a division of Coronado Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 210,000 units for $8.00 per unit. Jennifer Davis is the division manager. She is considering producing either 210,000 or 240,000 units during the period. Other information is as follows: Division Information for 2022 0 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 210,000 units Based on 240,000 units Manufacturing cost per unit Based on 210,000 units Based on 240,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) 210,000 $8.00 $2.30 *$504,000 $2.40 per unit ($504,000+ 210,000) $2.10 per unit ($504,000+240,000) $4.70 per unit ($2.30 variable + $2.40 fixed) $4.40 per unit ($2.30 variable + $2.10 fixed) $0.30 per unit $11,100

Coronado Motors is a division of Coronado Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 210,000 units for $8.00 per unit. Jennifer Davis is the division manager. She is considering producing either 210,000 or 240,000 units during the period. Other information is as follows: Division Information for 2022 0 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 210,000 units Based on 240,000 units Manufacturing cost per unit Based on 210,000 units Based on 240,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) 210,000 $8.00 $2.30 *$504,000 $2.40 per unit ($504,000+ 210,000) $2.10 per unit ($504,000+240,000) $4.70 per unit ($2.30 variable + $2.40 fixed) $4.40 per unit ($2.30 variable + $2.10 fixed) $0.30 per unit $11,100

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare an absorption-costing income statement, with one column showing the results if 210,000 units are produced and one column showing the results if 240,000 units are produced. Units produced Units sold Add Less CORONADOMOTORS DIVISION Income Statement For the Year Ended 2022 Absorption Costing 240,000 210,000
Transcribed Image Text:Prepare an absorption-costing income statement, with one column showing the results if 210,000 units are produced and one column showing the results if 240,000 units are produced. Units produced Units sold Add Less CORONADOMOTORS DIVISION Income Statement For the Year Ended 2022 Absorption Costing 240,000 210,000
Coronado Motors is a division of Coronado Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 210,000 units for $8.00 per unit. Jennifer Davis is the division manager. She is considering producing either 210,000 or 240,000 units during the period. Other information is as follows: Division Information for 2022 0 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 210,000 units Based on 240,000 units Manufacturing cost per unit Based on 210,000 units Based on 240,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) 210,000 $8.00 $2.30 *$504,000 $2.40 per unit ($504,000+ 210,000) $2.10 per unit ($504,000+240,000) $4.70 per unit ($2.30 variable + $2.40 fixed) $4.40 per unit ($2.30 variable + $2.10 fixed) per unit $0.30 $11,100
Transcribed Image Text:Coronado Motors is a division of Coronado Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 210,000 units for $8.00 per unit. Jennifer Davis is the division manager. She is considering producing either 210,000 or 240,000 units during the period. Other information is as follows: Division Information for 2022 0 Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 210,000 units Based on 240,000 units Manufacturing cost per unit Based on 210,000 units Based on 240,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) 210,000 $8.00 $2.30 *$504,000 $2.40 per unit ($504,000+ 210,000) $2.10 per unit ($504,000+240,000) $4.70 per unit ($2.30 variable + $2.40 fixed) $4.40 per unit ($2.30 variable + $2.10 fixed) per unit $0.30 $11,100
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